On December 31, 20X1, Par Inc reported total assets of $590,383, while Sub Corp reported...
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On December 31, 20X1, Par Inc reported total assets of $590,383, while Sub Corp reported total assets of $118,066. The fair values of Sub's assets and liabilities on the same date were $147,191 and $33,848 respectively. On the morning of January 1, 20X2, Par agreed to acquire 100% of Sub for a total value of 79.05% of Sub for a total value of $196,783 by paying cash. On the consolidated balance sheet immediately after the acquisition, what should be the total assets reported by the combined entity under the identifiable-net-assets (INA) method?
a. $664,176 b. $631,777 c. $680,375 d. $647,976 e. $696,575
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